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                                                                    EXHIBIT 20.1

                                                                   PRESS RELEASE

PRESS CONTACT:                                 INVESTOR RELATIONS CONTACT:
Abby Smith                                     Blair Christie
Cisco Systems, Inc.                            Cisco Systems, Inc.
(408) 525-8548                                 408 525-4856
absmith@cisco.com                              blchrist@cisco.com
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                CISCO SYSTEMS ANNOUNCES STOCK REPURCHASE PROGRAM

     SAN JOSE, Calif., September 13, 2001 - Cisco Systems today announced that
its board of directors has authorized a stock repurchase program of up to $3
billion over the next two years. The program is effective immediately.

     "We have tremendous confidence in the financial systems of our country, in
our industry and in our market-leading position both today and into the future,"
said John Chambers, president and CEO of Cisco Systems. "We believe that this
stock repurchase program is in the best interests of our shareholders."

     Any  purchases under Cisco's stock repurchase program may be made, from
time-to-time, in the open market, through block trades or otherwise. Depending
on market conditions and other factors, these purchases may be commenced or
suspended at any time or from time-to-time without prior notice. As of September
13, 2001, Cisco has approximately 7.3 billion shares outstanding.

                               ABOUT CISCO SYSTEMS

          Cisco Systems, Inc. (NASDAQ: CSCO) is the worldwide leader in
networking for the Internet. News and information are available at
www.cisco.com.

                                      # # #

This release contains projections and other forward-looking statements regarding
future events and the future financial performance of Cisco that involve risks
and uncertainties. Readers are cautioned that these forward-looking statements
are only predictions and may differ materially from actual future events or
results. Readers are referred to the documents filed by Cisco with the SEC,
specifically the most recent reports on Form 10-K, 8-K, and 10-Q, each as it may
be amended from time to time, which identify important risk factors that could
cause actual results to differ from those contained in the forward-looking
statements, including risks associated with business and economic conditions and
growth in the networking industry in various geographic regions; global economic
conditions; overall information technology spending, especially service provider
capital spending in the data or IP segments; variations in customer demand for
products and services; the ability to successfully restructure existing
businesses; the timing of orders and manufacturing lead times; changes in
customer order patterns; insufficient, excess or obsolete inventory; variations
in sales channels, product costs, or mix of products sold; the ability to
successfully reduce overhead and manage expenses; the ability to successfully
integrate and operate acquired businesses and

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technologies; increased competition in the networking industry; dependence on
the introduction and market acceptance of new product offerings and standards;
rapid technological and market change; the trend towards sales of integrated
network solutions; manufacturing and sourcing risks; Internet infrastructure and
regulation; international operations, the timing and amount of employer payroll
tax to be paid on employees' gains on stock options exercised; litigation
involving patents, intellectual property, antitrust and other matters; stock
price volatility; financial risk management; and potential volatility in
operating results, among others. The financial information contained in this
release should be read in conjunction with the consolidated financial statements
and notes thereto included in Cisco's most recent reports on Form 10-K and Form
10-Q, each as it may be amended from time to time. Cisco's results of operations
for the three and twelve months ended July 28, 2001 are not necessarily
indicative of Cisco's operating results for future periods.

Cisco Systems, and the Cisco Systems logo are registered trademarks of Cisco
Systems, Inc. or its affiliates in the U.S. and certain other countries. All
other brands, names, or trademarks mentioned in this document or Web site are
the property of their respective owners. Copyright(c) 2001 Cisco Systems, Inc.
All rights reserved.

